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The insurer has not decided whether to sell its Eaton subrogation rights.
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Beazley, Hiscox and Lancashire all grew in Q1 despite widespread rate decreases.
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The facility provides up to $100mn in claims-made excess casualty coverage.
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Lloyd’s chair Bruce Carnegie-Brown officially hands over to Charles Roxburgh today.
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The carrier estimated its California wildfire loss at $145mn-$165mn.
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In Partnership With AXISJoin us for a free webinar, 10:30 ET/ 15:30 BST on July 30, hosted by Insurance Insider and AXIS to explore how the insurance industry is adapting to these challenges.
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Growing economic and population exposures are driving potentially larger insured losses.
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Ann Field, Matt Moore and David Griffiths have also had promotions.
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Six weeks after the storm, Perils released its first industry-loss estimate at EUR619mn.
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Risk managers at last week’s Axco summit said interconnected global risks require flexibility.
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Insolvencies caused by the tariffs could also cause increased losses
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The storm made landfall in Queensland, Australia at the beginning of March.